The seasonally adjusted Absa Purchasing Managers’ Index (PMI) edged above the 50-point mark and recorded an expansion for the first time in nine months, increasing by 2.3 points to 50.8 in July,... 

Steelmaker ArcelorMittal South Africa (AMSA) is effectively putting its ambitious decarbonisation plans on hiatus while it figures out how to navigate the crisis surrounding the impending closure... 

As blockchain continues to gain momentum, Africa stands poised to leapfrog into a new era of technological advancement and economic empowerment, according to the third edition of the ‘African... 

Asset management firm Mergence Investment Managers has announced an additional R60-million investment in renewable energy company Solarise Africa. The latest funding, structured as a mezzanine... 

Financial services provider Sanlam has unveiled a 3 MW solar PV plant at its Bellville head office, in Cape Town. The installation powers Sanlam’s Bellville campus, which significantly reduces its... 

Policy reform, innovative financing, technological integration and capacity building are the four key pillars in overcoming barriers to infrastructure project development in Africa. This is... 

Nordex Energy South Africa has inducted a new group of interns into its national wind power internship programme, as part of its commitment to skills development and youth employment. This follows... 

The German Society for Cooperation, or GIZ, has, through KFW Development Bank, concluded a €500-million loan for the implementation of South Africa’s Just Energy Transition (JET). The loan will... 

Bombay- and New York-listed pharmaceutical manufacturer Natco Pharma has announced a firm intention to acquire 35.75% of the issued ordinary shares in JSE-listed pharmaceutical company Adcock... 

The South African National Roads Agency Limited (Sanral) on July 22 signed a R7-billion loan agreement with multilateral development bank the New Development Bank (NDB) to support the agency’s... 

The decision by ratings agency S&P Global to downgrade State-owned enterprise (SOE) Transnet’s credit rating was disappointing news for those in business eager to see the utility performing better,... 

The tax filing period via electronic filing (e-filing) and the South African Revenue Service (Sars) mobile application for individual taxpayers will be from July 21 to October 20. Provisional... 

More adults than ever in low- and middle-income countries have bank or other financial accounts, leading to a rise in formal saving, says the World Bank Group in its 'Global Findex 2025' report.... 

African infrastructure and industrial development finance institution, Africa Finance Corporation (AFC), has been given a long-term issuer credit rating of A+ by the Japan Credit Rating Agency... 

UK development finance institution British International Investment (BII), Zambia’s National Pension Scheme Authority (Napsa) and Swedish development finance institution Swedfund have launched the... 

Cape Town Stock Exchange-listed renewable energy investment fund Gaia Renewables 1 has acquired stakes in two renewable-energy plants after receiving project lender approval and after Competition... 

Given the current global geopolitical instability, Gauteng Department of Economic Development MEC Lebogang Maile says it is becoming increasingly evident that the future of Africa lies in its... 

Strategic investment in industrial energy ecosystems is essential to enhance cost effectiveness, global competitiveness and the resilience of South Africa’s special economic zones (SEZs), thereby... 

Driven by its core vision to drive Africa’s growth, financial services provider Standard Bank’s initiatives aim to create meaningful trade linkages and unlock economic opportunities for African... 

According to the Bureau of Market Research’s (BMR’s) 'Macroeconomic and retail trade sales forecast for South Africa 2025' report, retailers that are agile, responsive and informed by robust market... 

Serverless AI infrastructure platform company Cerebrium has secured $8.5-million in seed funding, which will allow the team to invest in new features of its platform and meet growing enterprise... 

Financial services firm Standard Bank Group has extended a R400-million working capital facility structured in a sustainable finance format to South African earned wage access provider Paymenow.... 

Financial services group Old Mutual has appointed Prabashini Moodley as CEO of its newly configured Life and Savings segment, effective August 1. She will continue to report directly to group CEO... 

The Gauteng Department of Agriculture and Rural Development (GDARD), together with the National Empowerment Fund (NEF), have announced a R100-million blended financing facility to support... 

UK development finance institution British International Investment (BII) committed £1.09-billion to African companies in 2024 to create jobs, reduce aid dependency and combat the climate... 

Last month, at a special event held in Sandton, Johannesburg, global testing, inspection and certification company Bureau Veritas officially inaugurated the company's new office.   The event was... 

Development finance institution the African Development Bank Group (AfDB) has awarded a $1-million grant to South Africa’s National Business Initiative (NBI) to strengthen efforts to build a... 

Agricultural development finance institution the Land Bank's Blended Financial Scheme (BFS), with pre- and post-finance support services, aims to commercialise development farmers and to ensure the... 

South Africa's private sector economy showed signs of fragility in June, as the S&P Global South Africa Purchasing Managers’ Index (PMI) barely remained in expansionary territory. Business... 

Standard Bank Business and Commercial Banking, in partnership with the South African Chamber of Commerce and Industry (Sacci), has launched the Export Readiness Programme to provide support to... 

Development finance institution the African Development Bank (AfDB) Group has approved a R2.5-billion corporate loan to the City of Johannesburg metropolitan municipality. This is the bank’s first... 

The African Development Bank (AfDB) has approved a $474.6-million loan for South Africa's Infrastructure Governance and Green Growth Programme (IGGGP). This IGGGP is the second phase of the bank's... 

Financial services firm Absa’s Purchasing Managers’ Index (PMI) increased by 5.4 points to 48.5 in June on a seasonally adjusted basis. Although the headline PMI remained in contractionary... 

The Johannesburg Chamber of Commerce (JCCI) has appointed Caren Sutherns as its new president, following a successful AGM held on June 25. Sutherns takes over the leadership from Connie Mashaba,... 

While the Government of National Unity (GNU) has made headway in several key areas, Business Leadership South Africa CEO Busisiwe Mavuso has voiced concern over the lack of progress on improving... 

The North West University (NWU) Business School has revealed that its Policy Uncertainty Index (PUI) for the second quarter of this year has eased to 75.9 compared with its record high of 78.6 in... 

Conflict and instability are taking a toll on 39 affected economies, driving extreme poverty faster than anywhere else, worsening acute hunger, and pushing key development goals farther out of... 

Angola has become a shareholder in the African infrastructure and industrial development finance agency, the Africa Finance Corporation (AFC), it was announced on Tuesday. Angola has been a member...